We will talk about the potential threats to National Security. No refunds. Airlines may be refunding customers, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the Global Economy as the coronavirus widens. Italy went into lockdown and u. S. Virus cases spiked. The dow jones entered a bear market wednesday, the s p tumbling into their market into bear market territory after President Trump announced a ban on travel from europe. To keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. That talkedch, about how much companies would lose on the downturn and uber and lyft shares fell on the reality that customers are sheltering in place. Wednesday i asked Wedbush Securities dan ives for his take on the volatility. Dan you need to put goal post around in terms of demand. When i look at the core names, a lot of t
The pound is trading up i about 0. 2 . Ultimately what the extra supply is going to do to the shape of the curve, but certainly, this is what many people have been anticipating would be delivered. Italy also announcing it is going to increase its fiscal stimulus to help the economy out , an economy that continues to remain largely in lockdown, along with the population. Lets get more on how Insurance Companies are dealing with what we are seeing at the moment. The u. K. s prudential is a Health Insurer and asset manager as well. Joining us now is mike wells, ceo of prudential plc. Good afternoon. How is the company being affected by what is happening . Todaywe Just Announced 2019 results, were you had a number of convergences occur. Earnings were up 20 . The majority of our markets in x hong kong come very strong and resilient. It is an indication of what youre seeing now, which is market by market, we still see doubledigit growth in Southeast Asian markets, and as we are sitting here
Are seeking to capitalize on it. We will talk about the potential threats to National Security. And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Fires the dow cases spike, and the market plunged. Jones entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. To keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares fell on the reality that customers are sheltering in place. Danked wegman sec
Im also brian sullivan. Welcome. What a week this was and guy adami, i am not going to take anything away from a dow that rose nearly 2,000 points and its better for most peoples portfolios than it falling 2,000 points. But i believe were going to eamon are we going to eamon . You have time now to think about that question. Lets go to eamon lets go right now to eamon jafers who is at the white house with more news following the president s News Conference which certainly moved market, eamon. Boy, did it it was a thousandpoint spike while the president was hearing. Traders clearly liked what they heard and the president takinga i ceofocused approach and bringing on the ceos of target and name checking google the president i thought taking a much different tone on the coronavirus. Hes tended to sort of minimize the danger of this over the past couple of weeks and yet today he said Something Different heres what he said. In the coming weeks we will all have to make changes and sacrifices,
This is polls and bears. Thank you for joining us. Joining me today, john, jonathan. Democrat michigan congresswoman, pushing out for the minimum wage to be 20 an hour, stating that she cant allow people to be living off of tips. Larry responding with a warning about the impacts the high wage could have on small businesses. Some wages go up for workers but we also lose millions of of jobs. Businesses cant afford it. We can have an unlimited wage through private sector. What a 20dollar minimum wage be worth it . It is a killer for small businesses. It hurts every teen in america. I have a teen, i wouldnt even pay him 10. Honestly, young people, minimum wage is typically the first job you get. Someone getting minimum wage, they get it for six months and they get a rate raise after that. We know this, this is proven, coming back to the first minimum wage in the 30s. It destroys jobs. It resulted in less pay, even Bernie Sanders campaign now. We know this. It destroys opportunities. I make